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$800 billion in savings through tax reform with no tax rate hikes. john boehner blasting the president's, quote, la la land offer. that just moments after the president took his plan to the people answering questions about the fiscal cliff on twitter, and with less than a month to go, the white house dispatched treasury secretary tim geithner to five sunday talk shows to declare tax rates on the wealthy are going up one way or another. >> if the republicans say, sorry, no way are we going to raise rates on the wealthy. you guys are willing to go off the fiscal cliff? >> it republicans are not willing to let rates go back up, and we think they should go back to the clinton levels, a the a time when the american economy was doing exceptionally well, then there will not be an agreement. >> while geithner was drawing a line in the sand, house speaker john boehner was busy trying to lift his jaw off the flar after geithner presented the president's debt reduction plans to him last week. >> i was just flabbergasted. i looked at him and said you can't be serious. i have just never seen anythi
and it's war. no, not a war on christmas, no, republicans are at war with john boehner. >> the speaker's proposal right now is still out of balance. >> their proposal would raise taxes on millions of middle class families. >> when you look at the math, it doesn't work. >> we can generate revenues not from raising rates but from reducing the exemption it's, the deductio deductions, and the loopholes out there. >> it would take me too long to go through all the math. >> we're going to have to have higher rates. it's not me being stubborn or partisan. it's just a matter of math. >> this is a continuation of hirs campaign. he thinks he won it. >> president obama has been re-elected. >> to get a deal done, you're going to have to have higher tax rates on the top 2%. >> the one thing the republicans have going for them is they're leaning on erskine bowles. >> i heard what you were saying. you know nothing of my work. you mean my whole fallacy is wrong. >> i'm happy to be flexible. i recognize i'm not going to get 100%. ♪ >> it certainly 'tis the season and whether you'r
and running. john boehner is in a box. grover norquist near oblivion. karl rove benched on fox news. and the real action of barack obama has sent the republican party into total disarray. >> that's what i'm talking about. >> congressman jim clyburn of south carolina and eugene robinson on the latest republican fiasco. >>> plus, congressman chris van hollen on john boehner's latest concession on the fiscal cliff. michael eric dyson and donna genteel-o'donnell on the political fallout. howard dean on chris christie's big decision on the obama care exchange. and apple's ceo breaks big news to nbc's brian williams. >> next year, we will do one of our existing mac lines in the united states. >> tonight, a story of economic patriotism in an era of bain capital with e.j. dionne. good to have you with us tonight, folks. thanks for watching. the reality start to set in on members of the republican party. republican senator jim demint of south carolina is leaving kplil capitol hill to become president of the heritage foundation. don't cry for demint. the out-going president of the heritage fo
we're nowhere. >> speaker john boehner issued a downer offer yesterday. >> the white house quickly dismissed it. >> the speaker's proposal is out of balance. >> it is more of the same. >> it is not me being positive. it is the math. >> magic math. >> magic beans and fairy dust. >> president obama did win the election. >> me thinks somebody made him king. >> no. i don't think that's right. >> he doesn't see where he stands in the universe. >> i would say we're nowhere. >> are we that far apart? >> both sides want a deal. >> a matter of math. >> try to stay away from hypotheticals. >> it won't pass. >> discussions about unicorns. >> unicorns. >> they're imaginary beasts. >> magic beans. >> magic math. >> an enchanted universe. >> outrageous. >> the whole thing is going wacky. >> i would say we're nowhere. >> i don't envy the position the speaker is in. >> we're nowhere. ? you just might feel under attack. >> john boehner's power move. >> roll over and do what i ask. >> having the reins on the tea party. >> does he have real allies at this point? >> conservative groups lashed out. >>
groups rebel against john boehner. i believe it was just the last battle over the bush tax cuts, the headline was trying to herd cats referring to speaker boehner trying to get his party in line over the battle here. how much pressure is speaker boehner under? does he have real allies at this point, since it seems he's being pulled in multiple directions here? >> speaker boehner is under enormous pressure, and if he needed to have this vote with just his own caucus or conference, he wouldn't be able to get it done. to the vote in the house, i think for every -- i think there's more tom coles there than we know that won't speak up. >> why won't they speak up? are they waiting to see the next round of back and forth? >> well, that could be part of it, but also, they're a little bit concerned about what their constituents are going to say. they don't want their e-mail box bombarded by the heritage foundation. now you see two extreme views. i think you'll end up at the trillion dollar mark, and i think that speaker boehner will need a lot of of democrats but i think he'll get them i
president obama has a clear message for speaker of the house john boehner. >> terrified of what you might say. your move, chief. >> the a.p. headline reads white house to gop, it's your move. it is a point treasure secretary timothy geithner made clear over and over and over again. >> we've laid out a very detailed plan of spending cuts, $600 billion in spending in mandatory programs over ten years. if they would like to go beyond that or do it differently they need to tell us what they propose and then tell us what makes sense to them. but what we can't do is try to figure out what makes sense for them. tell us what they like as a complement to that. we can't react to anything until we see doots he tails of a proposal. we can't figure out what they need. they have to tell us. >> house speaker john boehner isn't playing ball claiming the white house proposal is a joke. >> it's flabbergasted. you can't be serious. i've never seen anything like it. >> boehner insists that talks have broken down. >> right now i would say we're nowhere. period. we're nowhere. we've put a serious offer o
balance. >> the president responds to john boehner, but democratic leader nancy pelosi has a plan to get around the speaker. tonight, leader pelosi joins me for an exclusive interview. >>> senator john kerry like you have never seen him before. the statesman from massachusetts scolds the radical right after senate republicans block a u.n. treaty on rights for the disabled because they are concerned about home schooling. you don't want to miss this tape. >>> plus my interview with ohio senator sherrod brown on what looks like a massive win for progressives and elizabeth warren. >>> then senator debbi stabenow of michigan on the latest in the fight to end republican obstruction. and the people creating petitions on the white house website are getting more and more creative. we'll tell you what the new petition to build a death star. >>> good to have you with us. thanks for watching. democrats are determined to extend the middle class tax cuts before the end of the year. that's the bottom line. party leaders and members are all on the same page. president obama rejected the latest proposal
not do well, before this election happened, the republican speaker of the house john boehner had proposed that revenues should be raised by this much. this was his pre-election offer. after the election, which his party lost, after contesting on these grounds, after the election where his side lost, look at his new offer. now he's offering this much new reven revenue. his offer has gotten worse. you cannot have what i offered you before the election. what election? that's how the republican house speaker is playing the game this week. maybe in the world of the beltway and the sunday morning talk shows, maybe that makes sense. in the real world, here's what happened. here's the bigger picture. our economy broke very, very badly. not long ago on a historic scale. now in the real world, we are having these tiny little glimmers of recovery of economic growth. the first blue bar, that's when the stimulus bill went into effect. the stimulus kicks in and the economy starts to grow after having fallen off a cliff. that's the real cliff. just the other day, we learned our latest glimmer of growth
to john boehner is, let's go over the cliff. that we can live with the sequester and we absolutely will not raise tax rates no matter what. what that does is eliminate all of the tax cuts and then there's a new fight in january to push obviously by the democrats to restore tax cuts for 98% of americans. and then that will be muddied by the need for a debt ceiling increase and the fight goes in to february. it's government at the brink all the time. we don't know how the markets and the credit rating agencies will react. probably be bad ybut i think that's what you hear conservatives saying. >> erin, so far wall street for the most part reacting in a calm fashion. we know that could go out the window. no one knows what could happen and how long it would take for us to fall in to a recession. but with that said, our first read team points out you have to know when to hold 'em, when to fold 'em. the song, i'm a texan. he's a texan. did we see this coming all along to see a split dealing with the tax cuts first and then kicking the can as you heard congressman yarmuth say down the road
. the president has said here is what i'm offering. listening to those clips of john boehner and listening to the congresswoman, all of those talking points sound very familiar. they sound a lot like the arguments that mitt romney was making during the campaign that americans roundly rejected. for them to cling to that rhetoric doesn't make sense. they've had time to make their case and they're losing american people. the president has been very firm from the beginning, he's been very consistent across the board with members of congress, the business community, progressive leaders, you name it, all the different folks he's brought in to talk about this, he's been very consistent. he's not playing a game and i think you got a taste of that yesterday in his remarks to the business roundtable. he's not kidding. he's put some serious things on the table, he's put his plans out there, it's balanced, there's spending, he's willing to make a deal but he is not willing to have any kind of conversation that does not include raising rates and he's unwilling to put raising the debt ceiling in as part
. there is no doubt about that. you think that john boehner is making a mistake by rejecting tea party? i think the speaker makes a mistake and the tea party is not a group that embraces serious tangible of government that is traditionally work in this country. there are members of congress who got elected because, in fact, the tea party activists across the country were involved in the election. the tea partiers and outsiders -- i would remind john boehner that there was a time when he was the outsider that was an annoyance to the party leadership. i understand the speaker being annoyed when he has people within his caucus that are committed to a set of principles that they make it hard for him to make easy deals. but i would also remind him that people are not going to forsake their principles for something thats as insignificant and their life as a committee assignment remark that is right. >> if he thinks this is a party discipline, he is sadly mistaken. he often knows that from his own experience as a younger time in his service in congress. charles: representative, it has been set from th
president obama and house speaker john boehner on just where talks to end the fiscal showdown stand. the president, for his part, took his case to the public and repeated his call for a tax hike on upper income americans but made little mention of cuts to entitlement spending. something the speaker said must be part of any final deal. joining the panel this week, wall street journal columnist and deputy editor dan, and ms. o'grady and washington columnist kim stossel. you are stuck in washington having to talk to all the sources. and you have been working them this week, i know. is the mood as sour as it sounds? >> it is by the end of this week and here's why. republicans came out right after the election and said to the president, you want revenue, here. you want revenue on the wealthy? we will give it to you. let's do this via limbing tax deductions for the wealthy. the president instead of taking that, running it, ceiling a deal, has been out campaigning for tax hikes. and to cap it off, sent treasury secretary tim geithner down to congress this week with this absolutely outrageo
said he can't be serious. >> john boehner finally puts a plan on the table. >>> and breaking news the middle class gets the shaft. richard wolffe and molly ball on the republican political theater and the white house response. >>> bob costas issues a common sense plea for gun control in the wake of the kansas city chief murder suicide story. and the right wing just explodes. >> bob costas based on the standards of our society today deserves to be fired for these remarks. bill roden and dan gross respond. >>> corporate profits break records again in the third quarter. we'll tell you what it means for workers. >>> just when you thought it was too early for a horse race -- >> we haven't heard the last of hillary clinton. >> -- i'll ask michael if this was the first campaign video for decision 2016. >> good to have you with us, folks. thanks for watching. john boehner is hanging on to their ideological hats. the latest attempt to change the conversation is a plan the american people rejected a month ago. the republican counteroffer to the white house plan relies on $800 billion. the p
, john boehner started the talks after a standoff that lasted almost a week. then there was the surprise that rocked the capital today. south carolina conservative, jim demint, a hero to many, is retiring next month. nbc's david gregory, the moderator of "meet the press," has more on the surprise announcement. >> reporter: about four years early, a lot of people thought it would happen by 2017, but not at this point. in his term, demint was somebody who turbo-charged the tea party movement. he told me he would like to see the party really adopt more of these tea party ideas. that really didn't happen. there were more internal fights. he did have success in fielding candidates and also failed. he said they didn't do enough to establish what the party was for. he is going to try to be a force behind the party. >> and one more, senator coburn, from texas, somebody the president has a good relationship with opened the door toward raising taxes on the wealthy. is this the start of something? >> reporter: yes, i think a lot of things are misplaced. i talked to a lot of people. more and more co
is leaving senate captain, and john boehner removing tea party party from all leadership posts first indicated it. stick a fork in him, the republican party as we know it is dead. i am neil cavuto, allow me to be so blunt to say, what else can you say about a light taken out of the party, republicans who 1 proudly school their tax drowned over decades, seeding that and then some over weeks, only real debate among the grand old party is how much to hike taxes, not if. i did not know they lost their backbone. starting 800 billion in tax hikes to match the president, shouldn't surprise anyone whether we doubled that to $1.6 trillion, that will become the new starts point for the president. new york times and front page story praising john boehner's grip to the party here, appears to be towing to the middle. no matter, they don't matter. argue aming over size of tax hikes, argue than size of spending cuts do not matter. this republican met morris is to a light -- metta mofa sis to a lighter shade of blue. controlled by forces do you not know. and laughed at by a mainstream media you don'
to play out like greek theater. entering from stage right, speaker john boehner issued a counter offer yesterday. from stage left a chorus of democrats who are shocked and outraged. the white house told boehner to, quote, get serious. nancy pelosi called it another assault on the middle class, seniors and our future. and senate na jorty leader harry reid took to the floor this morning. >> republicans again sided with the wealthy of this country. it won't pass. >> the gop proposal calls for $600 billion in entitlement reform, including raising the medicare age. it brings $200 billion from social security, adjusting the inflation rate and raises $800 billion in new tax revenue by reforming the tax cut and closing loopholes. the plan rejects specifically raising tax rates, but it is significant that john boehner has gotten his entire leadership team, including congressman eric cantor, kevin mccarthy and even former vice presidential nominee and budget hawk paul ryan to publicly sign their names to a plan that through closing loopholes raises taxes. in an effort to give this offer more bip
this before, balance is in the eye of the beholder. john boehner would say this is a balanced approach, we're putting revenue on the table as well as entitlement cuts. president obama seems to be indicating balance means getting more from the wealthy and likely to mean raising rates. as he said today and prior to today, the math doesn't add up if you simply close loopholes, cap deductions, do those sorts of things. we're sort of where we always have been. it's where we have been for several years at least when it relates to congress and the president simply not being able to resolve what are fundamental differences. we talked about this before the election, andrea. the election was supposed to tell us something about what the american public wanted. president obama did win the election. you know, an event has happened as part of the many months where the public comes down on this. >> luke russert, john boehner did yesterday come out with their proposal, the house proposal. is that a nonstarter or move the ball a little bit? >> i would say it's a nonstarter for the white house, but it moves
established on both sides. the president and john boehner have reportedly not even taken time to speak to each other when face-to-face yesterday at a white house christmas event but it seems both sides can agree that the sky is blue on the one issue when keeping tax cuts where they are for the middle class. >> right. >> why can't we get that one step accomplished and maybe move on to step two which is a bigger and bolder plan? >> that's what congressional democrats and president obama would like to see happen, and we have a discharge petition, which would bring the bill that has been sent from the senate and pass the senate overwhelmingly sent to the house, take that bill up and give, extend the tax breaks to the middle class and give certainty to the middle class as we move to, continue to move into the holiday season. all of the tax rates expire december 31st and we can deal with the tax breaks for the wealthiest most fortunate americans and others to avoid the fiscal cliff between now and december 31st but take what we agree on which is that the middle class tax cuts should be extended and
and the speaker. nothing between their staffers, who are negotiating this deal yesterday. and john boehner is getting squeezed from both sides. now on the right he's taking heat over his propoesal that would raise $800 billion in revenue closing loopholes. on the left the white house won't talk to him until he agrees to raise rates. senate minority leader mitch mcconnell didn't support speaker boehner's plan. >> i have no particular observation other than i commend the house republican leadership for trying to move the process along, and getting to a point where hopefully we can have a real discussion. >> i want to bring in "time" magazine's assistant editor and "national journal"'s chris freitz. does this come down to john boehner and what he's willing to do? >> i think what we've been seeing for the last few months, the ideological struggle within the republican party. you've seen some moderate voices stepping up saying let's make a compromise but you have a house that's intransigent. i think bainer is in charge at the end of the day but he's got to wait, marshall the forces and have peo
is refusing to sit down with republicans, he did talk to speaker john boehner this afternoon, and the white house is talking to federal agencies, warning them to get ready to go over the cliff. with more on this, congressman tom mcclintock of california. a member of the budget committee. if you for joining us today. you know, we heard about this telephone call between speaker boehner and the president. you think anything will come of that? >> the president has been very clear. he is hell-bent to raise taxes massively on those very wealthy folks made making over $250,000. bearer 80% of small businesses, in and exactly the time when we are depending on them to create two thirds of the new jobs in our country desperately needs. gerri: the republicans are in the way of a settlement. i want to hear what he said today. here is the president. >> we can probably solve this in a week. it is not that tough. but we need that conceptual breakthrough that says that we need to do a balanced plan. but that is what is best for the economy. that is what the american people voted for and how we will get it o
over. bill: reports that talks are stalled, dead in the water. house speaker john boehner says he's flabbergasted by the white house offer. >> this isn't about democrats and republicans. this business our country. we need to get serious about our deficit and debt that are burying our children's future. [ man ] ring ring... progresso this reduced sodium soup says it mahelp lower cholesterol, how does it work? you just he to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. martha: we have brand-new details on the deadly bus crash that happened in florida. police say the bus driver was confused and lost when he chose the wrong route coming out of miami airport. the top of the bus crumpled after the crash and killed two passengers. it had 32 jehovah's church members on board, they were heading to a conference. bill: if you wash watching "fox news sunday" john boehner described his reaction when the president presented
it's not going to make a big difference on the negotiations between the white house and john boehner because i don't see much progress there. i think boehner, even though in control of his kau tus, doesnca have a lot of negotiating room because of the tooe party. >> do you think mr. boehner will be glad to see the end of mr. demint. >> i'm sure he will. i think it represents the weakens of the tea party within congress. jim demint is a movement conservative. we have certainly not seen nor heard the last of him. he will find other ways to create headaches for both boehner and mcconnell, but i agree with david. most importantly, it may be a slight relief from the headache for john boehner, but he's still got a big challenge in that he is negotiating at this point with himself and not facing the reality that he doesn't really have a lot of leverage. >> indeed. jared, speaking of the details themselves, speaker boehner is saying that his is a serious offer that produces sufficient revenue and savings for the next decade. you're an economist, does it? do his numbers really add up? >> well
. for the president, treasury secretary timothy geithner. for the gop house speaker john boehner. geithner and boehner only on fox news sunday. plus, we've seen this movie before. the two parties edging closer and closer to the brink. we will ask our sunday panel whether we will get a happy ending or an economic disaster. and our power player of the week. a young beauty queen has to make a tough choice. all right now on fox news sunday. >> hello again from fox news in washington. well, we had quite a day around here friday with talks to avoid the fiscal cliff deadlock, and everyone saying the other side is to blame, pressure secretary geithner scheduled a ground of interviews. then friday afternoon, speaker boehner's office called to say he wanted to come on fox news sunday to tell his side of the story. you will hear from bain -- john bainner a few minutes. first my conversation with tim geithner about the lack of progress in steering away from the cliff. >> secretary geithner, welcome back to fox news sunday. >> nice to see you, chris. >> i spoke with house speaker boehner before you came over here.
this is going. john boehner, again, speaker, said we're at a stalemate. is that how you would describe where things are? >> i think we're far apart still, but i think we're moving closer together. >> where are you closer? >> the republicans have said for the first time in decades, if i'm not mistaken, the leaders of the republican party, that they are prepared to raise taxes as part of a deal that helps reduce our long tv term dif sit. what they haven't said is how far they're willing to go on rates and revenues, and that's what we need to see from them. >> they said no increased rates. >> but that's -- but they know this. there's not going to be an agreement without rates going up. there's not -- >> you'll go off the fiscal cliff in the republicans say, sorry, no way are we going to raise rates for the -- on the wealth pioli. you guys are willing to go off -- >> if republicans are not willing to let rates go back up and we think they should go back to the clinton levels, the time when the american economy was doing exceptional well, there will not be an agreement. >> you would be willing to
the weekend house speaker john boehner said these negotiations are nowhere. jay carney disagrees with that assessment. now phone calls at this point between president obama and congressional leaders, but the white house says the talks will be ongoing over the next several days, tamron. >> thank you. the president's q and a on twitter comes days after republicans flat-out rejected his opening bid in negotiations. house speaker john boehner appeared on one sunday morning talk show to see the president's proposal was not in his opinion a proposal at all. >> i was flabbergasted and said, you can't be serious. i just have never seen anything like it. we have seven weeks between election day and the end of the year, and three of those weeks have been wasted with this nonsense. >> okay. >> treasury secretary tim geithner appeared on five separate sunday morning talk shows. he says it's the gop who have been short on specifics. >> we said how and how much and who should pay. they haven't proposed what they think. >> joining me now is california congressman karen bass. thank you for your
john boehner rejected it. he was flabbergasted by some of the proposals. we're at a standstill right now. until the white house comes back and puts out another plan, they probably don't want to do that or republicans come back with a response and more details about what kind of savings they would like to have a in a future proposal. i think congressional republicans are waiting to see if they can come back to the table with a plan they liked a little more. perhaps one with more details on what kind of cuts would come to these entitlement programs. >> i'm curious about this. this is a man who has never run for office. why does the gop let mim speak for them? >> you know, you're starting to see his coalition crack. you have seen senators come out. senator corker who was on "meet the press" today. he has come out and said i'm not going to abide by the norquist pledge. you're seeing it start to crack. sure, he still has a lot of weight over the republican party, but you're seeing that is beginning to change. it looks like taxes are going to go up. republicans know this. if they do get a
come on the n.f.l. murder suicide. any moment now, house speaker john boehner will light the capitol christmas tree. yes, it's still called a christmas tree. enjoy it while can. this is temporary set. ♪ ♪ [ male announcer ] with 160 more miles per tank, the distances aren't getting shorter. ♪ the trucks are going farther. the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. share "not even close." share "you owe me..." share "just right." the share everything plan. shareable data across 10 devices with uimited talk and text. by htc for $49.99. >> dana: back with more on the murder-suicide we talked about in the "a" block. we'll talk about the possible underlying factors of the violence. listen to rush limbaugh. >> might there have been a better outcome if there had been a marriage involved between mr. belcher and his girlfriend? i don't know.l i know is that it the statistics from single parenthood and children out of wedlock and what happens to kids in those circumstances, what happens to the fathers in thos
, according to the republicans, unserious, it flabbergasted the speaker of the house, john boehner. though tim geithner went out yesterday and said, that plan that we're pushing? it's a good one. here he is. >> we think that's a very good set of proposals. we think that's what's good fort economy. if they've got different suggestions, they want to go further in some areas, they should lay it out to us. >> i think we're going over the cliff. it's pretty clear to me they've made a political calculation. this offer doesn't remotely deal with entitlement reform in a we to save medicare and medicaid and social security from imminent bankruptcy. it raises $1.6 trillion on job creators that will destroy the economy and there are no spending controls. i'm serious about revenue. you can limit deductions to 40 or $50,000 a person, which takes care of the middle class, upper income americans will lose their deductions and raise about 800 billion dollars in revenue. but i'll only do that if we do entitlement reform and the president's plan, when it comes to entitlement reform is just quite frankly, a joke
in the phone call between speaker of the house john boehner and president of the united states, barack obama. did they come to a conclusion. it is now the president's turn. >> brian: it is a week since the president and speaker talked. i do not know at of this moment who called who. >> steve: we know no details. >> brian: it is good there is no details. i just talked to the president and he's not listening to me . i talked to the speaker and he dug in. that is a good sign. >> steve: keep in mind, the last offer on the table was made by the republicans. the republicans are waiting for a counter offer. the white house said that is not serious, we are waiting for a offer from the republicans. tim geithner was on cnbc yesterday and asked whether or not the federal government is preparing to go off the fiscal cliff in particular this administration. he answered unfortunately in the affirmative. here's tim. >> if republicans do not agree to that is the administration prepared to go over the fiscal cliff. >> we face no prospect of agreement that doesn't involve the rates going up on the top two per
of retreat or any sign of compromise? remember, the president wants higher tax rates. will john boehner try to move the line that the president has drawn? we will have it for you live here on "varney & company" starting around ten o'clock eastern. then we have darden restaurants, the parent of olive garden, red lobster. it says its businesses could be hurt by bad publicity. darden said it might cut hours for some workers in order to avoid having to provide health insurance for them under obamacare. and a rift in the liberal media because of that. it might be a stretch in my opinion and maybe a stretch people saying they'll stop going to restaurants because of it. and a debate on that. darden, obamacare later in the hour. and breaking news from citigroup, too, it's cutting 11,000 jobs, it calls it part of its repositioning. it says it will save a billion dollars a year and the stock is going to be up at the opening bell. hope for the best, but plan for the worst. that's what companies are doing. more than 200 of them are getting ready for the expected dividend tax like next year by paying di
in additional spending, what part of this plan is a balanced or bipartisan approach? >> i bet john boehner things the grand bargain was good deal last year. the chicken question is john boehner having to blink. president was able to get $1.6 trillion because it's coming from the increase on wealthy americans. we don't want 98% of americans tax rates to go up in the name of saving tax rates for the wealthy. so that is going to increase on wealthy americans, 60% of americans overwhelmingly support. the president won this election fair and square. american voters are clear on the mandate and support an increase in tax rates to balance this budget. >> that is not true. for the bush tax cuts to expire and top 2 percent even most generous estimate that is $90 billion more in revenue. not $1.6 trillion more in revenue even over ten years. even if you accept that larger number, the deficit is $1.5 trillion so, even if the republicans raise the you are giving $90 billion. where are you going to get the rest of it? it will have to come from entitlement reform and meaning spending cuts. >> it's comin
about one hour after republican house speaker john boehner held a news conference suggesting that the president has been unwilling to compromise on a deal to cut our debt and complaining about washington's, quote, spending program. >> there are a lot of things that are possible to put the revenue that the president seeks on the table, but none of it is going to be possible if the president insists on his position. insists on my way or the highway. that's not the way to get to an agreement that i think is important for the american people and very important for our economy. alisyn: the bitter partisan fight over the debt deal even came up in a surprising way at last night's national tree lighting ceremony in washington. during a rendition of santa claus is coming to town one of the musicians paused and started talking to president obama. let's watch. >> you all be good this year? [yeah ] >> i don't know. y'all been good this year? [yeah] >> how about you mr. president, you've been good? i don't know, i don't know. you might be able to use a little more golf with some republica
will -- [laughter] stuart: but the big story this hour is john boehner's counteroffer to the president, immediately dismissed by the way. it includes 800 billion dollars in tax revenue, not from higher tax rates. that is the sticking point. president obama wants those tax rates raised. john boehner, he wants fewer deductions, limits on deductions. that's the status quo right now of the discussion there. i want to bring you to the big board because we're going nowhere this tuesday morning on very low volume. back below 13,000. tuesday morning, here's the company: elizabeth macdonald is with us. david asman is with us. and nicole petallides right there on the floor of the new york stock exchange. china, cracking down on money transfers at wynn macau casinos. i guess that wynn stock is going to be down? nicole: you are right. we're seeing the stock down nearly 4% here. this is not good news for them overall. basically china's new leadership cracking down on fast money moving. they are going to set rules where you can't -- restrict the limits on how much money can actually be taken out of the country.
then? it was interesting this weekend to hear, for example, john boehner on with chris l wallace on fox news saying we're nowhere. shouldn't they counter with the president even if they think it's a ridiculous offer? >> if i'm advising the republicans, which i'm not, i'd over a republican plan that's progrowth, pro job creation, get rid of grover, and say this is what we're for, mr. president. here's the plan. i would say let's bargain in good faith. >> the sunday talk shows, geithner saying republicans need to deal with it, and others it's a stalemate. do you think that's for show though? it seems like the deals in washington, at this time of the year happen at the 11th hour, last three years especially for taxes. >> could have been for taxes, but,,and the but is very important, if there's a frame work december 31st at midnight, it will be just that. the markets will, i think, react predictly, and that's not positive. if there's a recession because there's not a tax plan, we'll be hurt. >> that's the wild card; right? how the markets reagent to it because we don't know. >> we don't. >>
to have a grasp of the solution. so he is turning to john boehner to say why don't you do what we couldn't do or won't do? this is really amazing to watch this administration. presidents are supposed to lead, take the initiative, persuade others, create a national consensus. what does he do? he goes out to a toy, he goes out to a toy factory and wants another quarter trillion dollars in spending. i can't imagine why people are somewhat, well suspicious of our politicians given that. melissa: when you talk to people, they're so frustrated by what they see. they want to tune it out. turn back to their family in their own community. it is hard not to gauge. >> let's be real honest. that's what they have already done. that's why we're in this condition. we saw the president even lose 7 1/2 million votes from 2008 to this past november. we've got a lot of people retreating and becoming more insular instead of being engaged. melissa: yeah. >> republicans walking around whining about this president instead of doing something. the republicans were beaten because they doesn't do anything. they di
heard from speaker john boehner. we heard from president obama also. we now have a republican from utah joining the discussion. i want to ask you here, and the time we have, what is going on inside of your party. speaker boehner is giving away too much, the tax hikes, 800 billion, only half of what president obama has on the table. still, too much for republicans to be in favor of. >> we want to solve the problem. i am proud of what speaker boehner is doing. there are 535 members in the house and the senate. we have to solve this problem. what i like about what speaker boehner is doing, he is at the table trying to get this done. connell: you are behind your speaker is basically what i am hearing. >> absolutely. he does not want to raise rates. we have to get serious. what i have not heard from the president any details on how he would actually cut spending. connell: say if the president were to come up and say i am going to cut into medicare, you know, i don't know if they double it, but they come up with a lot more in the medicare cuts, are you prepared to vote for tax increases, firs
speaker john boehner calling the president's proposal essentially a waste of time. >> i was flabbergasted. >> we've the got seven weeks between election day and the end of the year, and three of those weeks have been wasted. >> steve centanni kicks off our college tonight from washington d.c. steve, where exactly do we stand tonight? >> well, harris, democrats are hoping republicans to raise taxes on the wealthy and the republicans are accusing the white house of wasting time. and saying that he didn't have a serious proposal when he reintroduced a plan to reduce 4 trillion dollars. >> the president asking for 1.6 trillion dollars worth of new revenue over ten years, twice as much as he's been asking for in public. his system spending in here that exceeded the amount of new cuts that he was willing to consider. it was not a serious offer. >> but so far it's the only white house offer on the table, a starting point for further negotiations, one would assume, harris? >> not to sound pessimistic, but it's a fact, even if he reached a deal tonight, it would tough to meet that deadline by the
that has a pen that can sign that, and it's something that john boehner has to take to the floor of the house and get past the floor of the house. the house is under republican control, so the president ought to be working with john boehner to find a solution that the house can pass and the president will sign if the president really was interested in signing it. the ridiculous offer by tim geithner really showed how completely unwilling this president is to look for a solution. >> well, i think no member of the house or the senate or the president should go on vacation before you've handled this. >> i think he has a vacation already planned. >> i know he does, but you know what? you guys have had a year and a half of knowing this problem exists, that everyone took off all the fall. the president and everybody ran for office who was up for office took off the entire fall. we paid all your salaries, and you didn't work, and now you've got this deadline of january 1, and you all think -- not sorry you, but you think you can take these expensive vacations or not expensive or take va
, house speaker john boehner did come to the white house last night for president obama's annual holiday party for members of congress, but he did not get in the receiving line to say hello to the president and get a picture taken with him as he has done in previous years and as dozens, if not hundreds, of members of congress did last night. diane? >> okay, jake tapper reporting from the white house tonight. >>> and now we head overseas. take a look at the size of this protest today in cairo, egypt, tahrir square, tens of thousands of protesters reeling from tear gas but determined to send a message to the world about their new duel over democracy, and here's abc's alex marquardt. >> reporter: they came by the tens of thousands hurling stones, pulling down barricades, riot police fired volleys of tear gas and retreated. as the masses grew, president mohammed morsi left the palace. ever since the revolution that captivated the world, egypt has struggled on its road to democracy. two weeks ago, president morsi gave himself unchecked powers -- he says to put egypt on a democratic path. ther
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